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date: 06 March 2021

Retirementlocked

  • Mo WangMo WangWarrington College of Business, University of Florida
  •  and Valeria AltermanValeria AltermanUniversity of Florida

Summary

Retirement, defined as an individual’s exit from the workforce, is usually accompanied by a behavioral withdrawal from work. While retirement was seen as a crisis in the past, it now stands as an opportunity for individuals to engage in different types of work (e.g., bridge employment), and to dedicate more time in their community with friends and family. Cross-national studies have been conducted to clarify the impact of preparedness on the temporal process of retirement: decisions, transition, and adjustment to retirement. Nevertheless, societies are constantly changing and future research, with the frameworks discussed in this chapter in mind, can continue investigating the concepts of retirement to help individuals prepare better.

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